The federal and British Columbia governments want to power the production of the natural gas industry in the province using electricity. As part of an agreement announced Thursday, the two governments and BC Hydro are forming a committee to push projects that increase power transmission. Prime Minister Justin Trudeau said the agreement is aimed at reducing greenhouse gas emissions from the natural gas industry, which produces about 18 per cent of the carbon pollution in the [Read more]
Archives for August 2019
Bill C-69 becomes law, Alberta calls it ‘dark day’
The Trudeau government has passed the highly contentious Bill C-69, also dubbed by many pro-oil industry advocates as the 'no more pipelines act'. Alberta quickly responded, vowing legal challenges to what it sees as an attack on Alberta and national interests. Energy Minister Sonya Savage and Justice Minister Doug Schweitzer issued the following statement about the proclamation of Bill C-69: This is a dark day for Alberta and Canada as a whole. As we have said loudly and repeatedly, [Read more]
Encana Announces Preliminary Results of Substantial Issuer Bid
Encana Corporation (NYSE,TSX: ECA) today announced the preliminary results of its substantial issuer bid (the "Offer"), which expired at 5:00 p.m. (Eastern time) on August 28, 2019. Based on the preliminary count by AST Trust Company (Canada), the depositary for the Offer, a total of 127,043,382 common shares of Encana Corporation ("Shares") were properly tendered and not properly withdrawn, including 1,573,848 Shares that were tendered through notice of guaranteed delivery. In accordance [Read more]
Saturn Oil & Gas Inc. Announces Q2 2019 Results Highlighted by Record Production
Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) today announced its financial and operating results for the three and six month period ended June 30, 2019. The Company’s unaudited interim financial statements and corresponding Management’s Discussion and Analysis (“MD&A”) for the three and six month period ended June 30, 2019, are available on SEDAR at www.sedar.com and on Saturn’s website at www.saturnoil.com. Copies of the materials can also be obtained [Read more]
AltaGas Ltd. Provides Notice of Series G Preferred Shares Conversion Right
CALGARY, Aug. 29, 2019 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) announced today that it does not intend to exercise its right to redeem any or all of its currently outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series G (the "Series G Shares") (TSX: ALA.PR.G) on September 30, 2019 (the "Conversion Date"). As a result, subject to certain conditions, the holders of the Series G Shares have the right to convert all or part of their Series G Shares on a one-for-one [Read more]
Last Chance to Register for 2019 CAPL Conference
We are just under three weeks away from this year’s 2019 CAPL Conference! The Conference Committee is excited to bring you another great conference with diverse educational opportunities, fun activities and plenty of networking with your peers. There are limited spots available for some activities and education sessions, so sign up soon so you don't miss out on everything you want to attend. Visit landman.ca/CAPLconference now for more information and to register! Can't make the entire [Read more]
U.S. crude stocks drop 10 million barrels as imports slow: EIA
U.S. crude oil inventories fell sharply last week to their lowest since October last year as imports slowed, while gasoline and distillate stockpiles also declined, the Energy Information Administration said on Wednesday. Crude inventories fell 10 million barrels in the week to Aug. 23, compared with analysts’ expectations for a decrease of 2.1 million barrels. At 427.8 million barrels, U.S. crude oil inventories were at the five year average for this time of year. The decline was broadly [Read more]
Oil prices rise on drop in U.S. crude inventories
Oil prices rose on Wednesday after industry data showing a fall in stockpiles of U.S. crude somewhat eased worries about subdued demand due to the China-U.S. trade war. West Texas Intermediate (WTI) crude futures CLc1 gained 79 cents to $55.72 a barrel by 1204 GMT. Brent crude futures LCOc1 climbed 70 cents to $60.21 a barrel. The two benchmarks are headed for monthly losses of around 8% and 5%, respectively, weighed down by trade barriers between the world’s two biggest oil [Read more]
Column: Negative interest rates – not an economic curiosity, an ominous pall of government control about to storm the US and an ill-prepared Canada
An apology is in order for the following subject matter. This is an energy-focused website, and energy alone is a fiendishly hard topic to explain properly to the general public. The energy world is complicated and frankly not that interesting to most, made up of pipes and tanks and tankers, all central to the industry known as “utilities”. Who in history was ever interested in the word “utilities”? Unfortunately, the problem of disinterest is compounded by folding in an interest rate [Read more]
Toscana Announces Management Changes
Toscana Energy Income Corporation ("Toscana" or the "Corporation") (TSX: TEI) announces that Mr. Joseph S. Durante, the Corporation’s Chief Executive Officer, has stepped down from managing day-to-day operations and will take on a new role as Executive Director effective August 27, 2019 (the "Effective Date"). Replacing Mr. Durante as of the Effective Date will be Mr. Ryan Heath. For over 20 years Mr. Heath has enjoyed successfully building junior oil and gas companies in the WCSB. Most [Read more]
- « Previous Page
- 1
- 2
- 3
- 4
- …
- 23
- Next Page »